Overhead Conveyor Systems Market Research Report - Global Forecast till 2030

Overhead Conveyor Systems Market Research Report: Information by Function (Process Link, Process Decoupling, Buffering/Storage, Sorting and Sequencing), Technology (Pouch Sorter and Power & Free System), Weight (0–3 kg, 3–5 kg, 5–10 g, 10–20 kg and 20–50 kg), Capacity (Up to 1000 items/h, 1000–10,000 items/h and >10,000 items/h), Sales Channel (Direct and Via Main Contractors), Automation Grade (Manual, Semi-Automatic and Automatic), Application (E-Commerce/Retail, Logistics and Production Processes) - Forecast till 2030

ID: MRFR/IA - E/8096-CR | April 2020 | Region: Global | 136 Pages         

Overhead Conveyor Systems Market Speak to Analyst Request a Free Sample

Overhead Conveyor Systems Market

Overhead Conveyor Systems Market is expected to grow at about 5.18% CAGR during the forecast and reach USD 812.2 Million Metric Tons by 2025

Segmentation
By Function Process Link Process Decoupling Buffering/Storage Sorting and Sequencing
By Technology Pouch Sorter Power & Free System
By Sales Channel Direct Via Main Contractors
By Automation Grade Manual Semi-Automatic Automatic
By Application E-Commerce/Retail Logistics Production Processes
Key Players
Companies Profiled   SSI SCHAEFER AG    Dematic    TGW LOGISTICS GROUP    Vanderlande Industries    DĂĽrkopp Fördertechnik GmbH    Daifuku Co. Ltd    Ferag AG    psb intralogistics GmbH    Jiangsu Huazhang Logistics Technology Co. Ltd    PACLINE OVERHEAD CONVEYORS    Rapid Industries Inc.    Bastian Solutions Inc.    Allied Conveyor Systems    Schönenberger Systeme GmbH    Herbert Kannegiesser GmbH    OCS Overhead Conveyor System Ltd    CALDAN Conveyor A/S    KEWESTA GmbH    JENSEN-GROUP
Drivers
Market Driving Forces   Increase production volume in emerging economies    Increasing exports of automated products    Rising adoption of automatic conveyor systems in manufacturing plants    Labor shortage across several sectors    Growing demand for automation by Japanese automotive manufacturers to enhance efficiency
Request a Free Sample

The Global Overhead Conveyor Systems Market is expected to grow at about 5.18% CAGR during the forecast and reach USD 812.2 Million Metric Tons by 2025.


Overhead Conveyor Systems Market Overview


The Overhead Conveyor Systems market will also have significant growth in the coming years. The demand in the market increased due to the rising adoption of automated systems in manufacturing and high productivity. The system's high efficiency is the major factor for the market growth. The Overhead Conveyor Systems help handle and influence the machine productivity either upstream or downstream. It is also useful to continuously carry the hanging load to a chain moving with little flexibility throughout the manufacturing plant process. There are several types of systems used differently in different sectors. The manual one is used in warehouse facilities and automated in manufacturing and distribution industries as it reduces the handling cost and eliminates the risk of damage. The end-user considers maintenance expenses, power consumption, overall investments, return-on investments, wearing parts replacement, and insurances. Due to the system's high initial and maintenance cost, several small enterprises would not use it, which hinders the Overhead Conveyor Systems market growth. An overhead conveyor system is determined as a chunk of industrial equipment. It continuously transports materials on a track suspended from a facility's ceiling. The growth of the overhead conveyor systems market is driven by various factors such as the rising adoption of automated systems in manufacturing and high productivity and system efficiency of overhead conveyor systems. However, the growth of the market is expected to be hindered due to the high initial and maintenance costs.


Overhead Conveyor Systems Market Key Competitors


The Key Players of the Global Overhead Conveyor Systems Market are SSI SCHAEFER AG, Dematic, TGW LOGISTICS GROUP, Vanderlande Industries, Dürkopp Fördertechnik GmbH, Daifuku Co., Ltd, Ferag AG, psb intralogistics GmbH, Jiangsu Huazhang Logistics Technology Co., Ltd, PACLINE OVERHEAD CONVEYORS, Rapid Industries, Inc., Bastian Solutions, Inc., Allied Conveyor Systems, Schönenberger Systeme GmbH, Herbert Kannegiesser GmbH, OCS Overhead Conveyor System Ltd, CALDAN Conveyor A/S, KEWESTA GmbH, and JENSEN-GROUP.


Recent development


April 2022


R&M Materials Handling and its distributor, Hoj Innovations, have collaborated with Setpoint, a part of JR Automation. The company is based in Ogden, Utah, to install three 5 ton capacity overhead cranes at its facility. The design, engineering, and integration are designed, engineered, and integrated with robotic systems and custom amusement attractions.


This father-son duo is tapping the ecommerce wave to win over the warehouse automation solutions sector. Faridabad-based Saifi Con Fab Systems has had quite a journey from manufacturing conveyors to entering the warehouse automation segment.


Overhead Conveyor Systems Market Segmentation


The Global Market for Overhead Conveyor Systems has been segmented on the basis of Function, Technology, Weight, Capacity, Sales Channel, Automation, Application, and Region. On the basis of function the global overhead conveyor systems market is segmented into process link, process decoupling, buffering/storage, sorting, and sequencing. On the basis of technology the global overhead conveyor systems market is segmented into pouch sorter and power & free system. On the basis of weight the global overhead conveyor systems market is segmented into p0–3 kg, 3–5 kg, 5–10 g, 10–20 kg, and 20–50 kg. On the basis of capacity the global overhead conveyor systems market is segmented into up to 1000 items/h, 1000–10,000 items/h, and >10,000 items/h. On the basis of sales channel the global overhead conveyor systems market is segmented into direct and via main contractors. On the basis of automation grade the global overhead conveyor systems market is segmented into manual, semi-automatic, and automatic. On the basis of application the global overhead conveyor systems market is segmented into e-commerce/retail, logistics, and production processes


On the basis of sales channel, the via main contractor segment dominated the market with a share of 65.72%, having accounted for USD 377.6 million in 2018; it is projected to grow at the highest CAGR of 5.89% during the forecast period. Main contractors are engaged in the independent delivery and marketing of parts and equipment produced by the manufacturers. The contractors procure and install overhead conveyor systems and provide aftersales services to the end-use industries. The overhead conveyor systems contractors consider the requirements according to the application of overhead conveyor systems and offer standard or customized conveyor systems to the customers. Such factors are expected to drive the growth of this segment in the global market during the forecast period.


Overhead Conveyor Systems Market Regional Analysis


By Region, the Global Overhead Conveyor Systems Market is segmented into Europe, North America, Asia-Pacific, and the Rest of the World.


Global Overhead Conveyor Systems Market, by Region, 2018 Overhead Conveyor Systems Market


Source: MRFR Analysis


Europe is dominating the market growth with the presence of countries such as Italy, the UK, and others.


In the UK, the need to reduce manufacturing costs, increase in adoption of SCADA based automation, adoption of smart manufacturing methods, and increase in demand for higher productivity with energy-efficient technologies are expected to drive the demand for the market. There are various conveyor system manufacturers and integration system start-ups rising in the country, which fuels the growth of the overhead conveyor systems market. These start-ups serve industries such as automotive, healthcare, and electronics.


In Italy, the high demand for manufacturing process automation, increasing adoption of automatic conveyor systems, and growing demand for security and efficiency in industrial processes are expected to drive the growth of the overhead conveyor systems market. The country is expected to witness an increase in sales of conveyor systems in the retail, rubber, plastic, food & beverage, and automotive industries.


In France, the demand for energy-efficient production technologies, high demand for embedded systems in manufacturing plants, the increasing degree of conveyor system adoption, and rising demand for the high-quality manufacturing process are further boosting the market growth. The other countries include Spain, NORDIC, RUSSIA, BENELUX, Austria, Poland, Sweden, Belgium, and the rest of Europe. These countries are expected to hold a substantial share of the overhead conveyor systems market due to government initiatives to improve production activities, growing production in the automotive, retail, food, and pharmaceutical industries, developments in cloud computing, mechatronics, automotive, and smart devices.


Overhead Conveyor Systems Market Segmentation



  • By Function (Process Link, Process Decoupling, Buffering/Storage, Sorting, and Sequencing)

  • By Technology (Pouch Sorter and Power & Free System)

  • By Weight (0–3 kg, 3–5 kg, 5–10 g, 10–20 kg, and 20–50 kg)

  • By Capacity (Upto 1000 items/h, 1000–10,000 items/h, and >10,000 items/h)

  • By Sales Channel (Direct and Via Main Contractors)

  • By Automation Grade (Manual, Semi-Automatic, and Automatic)

  • By Application (E-Commerce/Retail, Logistics, and Production Processes)


Key Questions Addressed by the Report



  • What was the historic market size (2018)?

  • Which segmentation (Function/Technology/Weight/Capacity/Sales Channel/Automation/Application) is driving market?

  • What will be the growth rate by 2025?

  • How are the key players in this market?

  • What are the strategies adopted by key players?



Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2027: USD 812.2 Million
  • 2030 : Significant value
  •   CAGR   5.18% CAGR (2022-2030)
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Function, Technology, Weight, Capacity, Sales Channel, Automation Grade, Application
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   SSI SCHAEFER AG, Dematic, TGW LOGISTICS GROUP, Vanderlande Industries, DĂĽrkopp Fördertechnik GmbH, Daifuku Co., Ltd, Ferag AG, psb intralogistics GmbH, Jiangsu Huazhang Logistics Technology Co., Ltd, PACLINE OVERHEAD CONVEYORS, Rapid Industries, Inc., Bastian Solutions, Inc., Allied Conveyor Systems, Schönenberger Systeme GmbH, Herbert Kannegiesser GmbH, OCS Overhead Conveyor System Ltd, CALDAN Conveyor A/S, KEWESTA GmbH, and JENSEN-GROUP
      Key Market Opportunities   Increase production volume in emerging economies
      Key Market Drivers

  • Increasing exports of automated products
  • Rising adoption of automatic conveyor systems in manufacturing plants
  • Labor shortage across several sectors
  • Growing demand for automation by Japanese automotive manufacturers to enhance efficiency


  • Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :

    The global overhead conveyor systems market in terms of value is estimated to register 5.18% CAGR during the forecast period.

    The global overhead conveyor systems market is expected to reach USD 812.2 Million Metric Tons by 2027.

    Based on the sales channel, the via main contractor segment led the market with a CAGR of 5.89%

    Europe is dominating the market growth with a 35.45% share, the presence of countries such as Italy, the UK, and others.

    The growth of the market for overhead conveyor systems is driven by various factors such as the increasing adoption of automated fabrication systems.